Guideline Value for Bagavathiamman kovil Street

Bagavathiamman kovil Street guideline value

The current guideline value of Bagavathiamman kovil Street is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Pattanam village under the Singanallur SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Bagavathiamman kovil Street has changed

Over the years, the guideline value of Bagavathiamman kovil Street has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which was then reduced to Rs 134 per sq.ft in the 2017 revision. Following this, the 2023 revision increased it to Rs 200 per sq.ft, and the latest revision in 2024 raised it further to Rs 220 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

The changes between the revisions indicate a significant increase from 2017 to 2023, with a rise of 49%. The transition from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pattanam

Pattanam village has a total of 220 streets under the Singanallur SRO, with guideline values ranging from Rs 165 to Rs 1,815 per sq.ft. The median value for these streets is Rs 220 per sq.ft, which is equal to the current guideline value of Bagavathiamman kovil Street.

• Balan Nagar: Rs 165 per sq.ft (2024)
• Bethel nagar: Rs 220 per sq.ft (2024)
• Astalakshmi Nagar: Rs 330 per sq.ft (2024)
• A S Nagar Extension: Rs 500 per sq.ft (2024)
• A S Nagar: Rs 415 per sq.ft (2024)
• Bharathi Street: Rs 415 per sq.ft (2024)

Stamp duty and registration fee for property in Bagavathiamman kovil Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Bagavathiamman kovil Street?

The Sub Registrar Office that covers Bagavathiamman kovil Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pattanam

The guideline value plays a crucial role during the registration of properties in Pattanam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers must be aware of these values to ensure compliance with local regulations and to avoid any issues during the registration process.

Frequently asked questions

What is the current guideline value of Bagavathiamman kovil Street?

The current guideline value of Bagavathiamman kovil Street is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, and 2007.

What is the land classification of Bagavathiamman kovil Street?

Bagavathiamman kovil Street is classified under Residential Class III Type - I. This classification is important for understanding the type of development that is permitted in the area.

What are the registration fees for properties in Pattanam?

Registration fees for properties in Pattanam are calculated based on the guideline value. For example, a 1,000 sq.ft plot at the current guideline value of Rs 2,20,000 would incur a stamp duty of Rs 15,400 and a registration fee of Rs 4,400.

Where is the Singanallur Sub Registrar Office located?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. This office handles the registration of properties in the area, including Bagavathiamman kovil Street.